The Steering Board of the Ukraine Investment Framework met today for its fourth session, chaired by the European Commission, bringing together the EU Member States, in addition to observers from the European Parliament, representatives of the Government and Verkhovna Rada of Ukraine, alongside key European and international financial institutions. Participants included the European Investment Bank (EIB), European Bank for Reconstruction and Development (EBRD), European Development Finance Institutions (EDFI), Nordic Green Bank (NEFCO), French Development Agency (AFD), Polish Development Bank (BGK), Council of Europe Development Bank (CEB) and the International Finance Corporation (IFC).
At a critical juncture for Ukraine’s recovery and reconstruction, the EU Member States approved a new set of public and private investment programmes designed to mobilise financing for Ukraine’s recovery, reconstruction and long-term growth.
Public investments will focus on rebuilding social, municipal and energy infrastructure –including housing, water and waste management, heating systems, upgrades and rehabilitation of public buildings.
On the private sector side, the new programmes will promote renewable energy, private equity, and both large-scale domestic and foreign direct investment in strategic sectors of the Ukrainian economy. Dedicated financing will also support small businesses and vulnerable groups affected by the war.
The launch of these programmes is scheduled to take place during the Ukraine Recovery Conference (URC) in Rome on 10-11 July.
One of the important decisions of the meeting was to re-open of the Call for Proposals for Intermediated Lending Operations for Micro, Small and Medium-Sized Enterprises (MSMEs) via banks. This step will help improve access to finance for war-affected groups, including veterans, displaced persons, returnees, women and youth-led enterprises. Eligible implementing partners will be able to submit their proposals to the European Commission, according to revised parameters of the Call.
Today’s meeting confirms the EU’s steadfast commitment to Ukraine’s recovery and resilience, and to supporting its people and businesses in building a sustainable, prosperous future.
Background
The EU’s Ukraine Investment Framework is an integral pillar of the €50 billion Ukraine Facility designed to attract public and private investments for the recovery and reconstruction of Ukraine and support its path towards EU accession. It is equipped with financial instruments totalling €9.3 billion, with €7.8 billion in loan guarantees and €1.51 billion in blended finance. The objective of the Ukraine Investment Framework is to mobilise €40 billion of investments for the reconstruction, modernisation and long-term growth of Ukraine, supporting the objectives and the implementation of the Ukraine Plan consistently with EU policy priorities.
The first round of programmes under the Ukraine Investment Framework was launched by the European Commission at the Ukraine Recovery Conference in June 2024, backed with €1.4 billion in guarantees and grants. In March 2025, the European Commission and the European Investment Bank signed a dedicated guarantee agreement that will allow to invest at least €2 billion in urgent recovery and reconstruction efforts in Ukraine.
More information:
- Ukraine Investment Framework
- The EU signs €1.4 billion of new guarantee and grant agreements to support Ukraine's recovery and attract private sector investments
- European Commission and EIB Group sign €2 billion guarantee under Ukraine Facility to support country’s reconstruction and resilience
Details
- Publication date
- 18 June 2025
- Author
- Directorate-General for Enlargement and Eastern Neighbourhood